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Results for content tagged as Businessowners insurance

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Sep 16, 2015 - Lisle, Ill., Sept. 16, 2015—Property/casualty insurers throughout the U.S. can now have access to a newly updated program for insuring small business accounts. The American Association of Insurance Services (AAIS) recently filed updated eligibility criteria, endorsements, loss costs, and rating procedures for its Businessowners Program (BOP). To date, the filing has been submitted in 46 states and approved in 26, with more approvals pending.  AAIS is a national advisory or...

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Nov 12, 2014 - [ACTION_PRINT_ARTICLE] AAIS is initiating a multi-state filing of "Data Breach Liability" exclusions under its commercial lines programs that provide liability coverage. Upon approval, insurers using the AAIS Artisans, Commercial Liability,  and Commercial Umbrella programs will have use of endorsements that exclude liability coverage for losses arising from an insured's legal liability for unauthorized disclosure of or access to private or confidential information of any person or organ...

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Dec 10, 2012 - [ACTION_PRINT_ARTICLE] AAIS recently released a sample "data breach" endorsement option under its Businessowners Program. The option covers certain services provided to a commercial insured in the event that personal information in its possession is lost, stolen, accidentally released, or accidentally published. The endorsement was developed in conjunction with IDentity Theft 911 (IDT911), a leading provider of identity and data risk management, resolution, and education services. More th...

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Dec 10, 2012 - [ACTION_PRINT_ARTICLE] Wheaton, Ill., Dec. 10, 2012—Insurers now have access to a new sample endorsement they can use to provide "data breach" coverage to small- and mid-sized commercial accounts. The American Association of Insurance Services (AAIS) recently released the sample endorsement under its Businessowners Program (BOP). AAIS is a national insurance advisory organization that develops policy forms and rating information used by more than 700 property/casualty insure...

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Mar 29, 2012 - [ACTION_PRINT_ARTICLE] Wheaton, Ill., March 29, 2012--Property/casualty insurers will soon have access to newly revised policy forms, endorsements, and a multistate manual for insuring small business accounts. These resources have been filed with insurance regulators in nearly all states as a comprehensive revision of the Businessowners Program (BOP) developed and maintained by the American Association of Insurance Services (AAIS). AAIS is a national advisory organization that develops forms...

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Feb 29, 2012 - There are new and established elements in the latest multistate revision of the AAIS Businessowners Program (BOP), recently filed with proposed effective dates starting June 1, 2012. In general, the revision updates policy language to reflect recent regulatory, legal, and marketplace requirements, and it introduces a new multistate manual with state exception pages. Among many other things, the "new" includes substantially revised coverage provisions addressing losses to data re...

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Sep 19, 2011 - In the intensely competitive market for small business coverage, insurers have to be able to stand out from the crowd without spending a lot of time and money to do so. Insurers who use AAIS programs as the basis of their small business policies can devote less effort to program maintenance, and focus on what they do best: marketing, underwriting, loss control, and claims. AAIS maintains two programs for insuring small businesses, each of which provides up-to-date forms, manual rules, and r...

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Jul 28, 2011 - Standard Programs with Unique BenefitsAAIS commercial lines programs provide forms, manual rules, and loss cost rating information used by carriers to compete for standard commercial accounts, and as the basis of specialty products targeting niche markets.  These programs are maintained by property/casualty professionals with extensive experience in managing product lines for carriers, and backed up by skilled specialists. Over the years, AAIS has been the source of some unique enhance...

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Mar 20, 2009 - [ACTION_PRINT_ARTICLE] Wheaton, Ill., March 20, 2009—The American Association of Insurance Services (AAIS) has initiated a countrywide filing of new endorsements and a revised manual under the AAIS Businessowners Program. The proposed effective date for the first states being filed is Sept. 1, 2009. AAIS is a national insurance advisory organization that develops standardized policy forms and rating information used by more than 600 property/casualty insurers throughout the U.S. AAIS...